Carrier Global Reports Strong Q4 Earnings, Exceeding Expectations
Palm Beach Gardens, Fla. - Carrier Global Corporation (CARR) announced its fourth-quarter financial results on Tuesday, reporting a net income of $2.55 billion. Earnings per share (EPS) reached $2.82, while adjusted EPS, excluding discontinued operations, amounted to 54 cents.
These results surpassed analysts' expectations. A consensus estimate from Zacks Investment Research projected an EPS of 51 cents. Revenue for the quarter totaled $5.15 billion, marginally below the $5.33 billion forecast by Zacks.
For the full year, Carrier Global posted a profit of $5.6 billion, equating to $6.15 EPS and revenue of $22.49 billion.
Looking ahead, the company anticipates fiscal 2023 EPS in the range of $2.95 to $3.05, with revenue projections of $22.5 billion to $23 billion.
Carrier Global's stock performance has seen a 3% decline since the year's beginning but has gained 20% over the past 12 months.